KPIs & Operating Metrics(New)
Growth Metrics

Mastercard (MA) Operating Expenses (2016 - 2026)

Mastercard filings provide 18 years of Operating Expenses readings, the most recent being $3.5 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 12.58% to $3.5 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $14.3 billion, a 10.37% increase, with the full-year FY2025 number at $13.9 billion, up 10.4% from a year prior.
  • Operating Expenses hit $3.5 billion in Q1 2026 for Mastercard, down from $3.9 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.9 billion in Q4 2025 to a low of $2.2 billion in Q1 2022.
  • Median Operating Expenses over the past 5 years was $2.9 billion (2024), compared with a mean of $3.0 billion.
  • Biggest five-year swings in Operating Expenses: grew 1.7% in 2023 and later grew 25.14% in 2024.
  • Mastercard's Operating Expenses stood at $2.6 billion in 2022, then rose by 20.62% to $3.2 billion in 2023, then grew by 11.81% to $3.6 billion in 2024, then rose by 9.72% to $3.9 billion in 2025, then decreased by 10.4% to $3.5 billion in 2026.
  • The last three reported values for Operating Expenses were $3.5 billion (Q1 2026), $3.9 billion (Q4 2025), and $3.5 billion (Q3 2025) per Business Quant data.